On December 23, 2024, the Competition Bureau (Bureau) published updated guidelines (the Draft Guidelines) with respect to the application of Canada's new Competition Act (CA) greenwashing provisions enacted last June. The Draft Guidelines reiterate and expand upon the six overarching principles for compliance initially introduced in July of 2024, and respond to various frequently asked questions.
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The new administration’s policies could shake up the capital markets in a variety of ways.
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The Canadian government is making a bold move in the fight against forced labour by proposing new supply chain due diligence legislation. This article by Shift Critical lists what you need to know about this potential new law and its ability to reshape ethical practices in global commerce.
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On December 18, 2024, the Canadian Sustainability Standards Board (CSSB) released its voluntary sustainability standards: CSDS 1 (general requirements for disclosure of sustainability-related financial information) and CSDS 2 (climate-related disclosures). These standards (the CSSB Standards) are now part of the CPA Canada Handbook – Sustainability and represent Canada’s inaugural generally applicable sustainability disclosure standards.
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Despite a strong start to the year, activist activity in Canada in 2024 tapered to pre-pandemic levels. This reversion to more historic annual totals follows a notable resurgence of shareholder demands directed at Canadian public companies in 2023, when shareholder engagement reached its highest levels since record-setting 2018.
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Artificial intelligence (AI), shareholder meeting format, executive pay, independence and board nominee disclosure practices have been included as key updates in Glass Lewis’ 2025 Proxy Voting Guidelines (Guidelines) and in Institutional Shareholder Services (ISS) proposed 2025 guidelines (Proposed Guidelines).
Glass Lewis’ updated Guidelines will apply to shareholder meetings beginning on January 1, 2025 and once final, ISS’ Proposed Guidelines are expected to apply to shareholder meetings beginning on February 1, 2025.
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